On 11/6/24, Republic Bancorp Inc (NASDAQ: RBCAA) stock enjoyed a major increase of 14.0%, closing at $77.65. Moreover, trading volume in this advance was exceptionally high at 319% of normal. The stock has risen 12.9% during the last week and has been exceptionally strong relative to the market over the last nine months.
Current PriceTarget Research Rating
RBCAA is expected to continue to be a modest Value Builder reflecting capital returns that are forecasted to be above the cost of capital.
Republic Bancorp has a current Value Trend Rating of A (Highest Rating). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing complementary signals. Republic Bancorp has a slightly positive Appreciation Score of 68 and a very high Power Rating of 86, with the Highest Value Trend Rating the result.
Rating Review
In light of this very positive price change we are reviewing our current Overall Rating of A. This review will be completed in the next several days.
Be the first to comment